USD/JPY Current price: 106.16
- Japanese macroeconomic data improves modestly but failed to impress.
- US Treasury yields remained depressed throughout the week, limiting USD/JPY range.
- USD/JPY technically neutral could turn bearish on a break below 105.50.
The USD/JPY pair closed the week as it started in the 106.10 price zone, unable to attract speculative interest ever since the month started. On Friday, the pair remained confined to a tight 20 pips’ range, with its behavior tied to that of US Treasury yields. Japanese data failed to impress, as the country published the August PPI, which was up 0.2% in the month, but declined 0.5% when compared to a year earlier. The Q3 BSI Large Manufacturing Conditions Index came in at 0.1, improving from -53.3 and much better than the -44.2 expected.
This Monday, the country will publish July Industrial Production and Capacity Utilization, and the Tertiary Industry Index for the same month, foreseen at 5.2% from 79% in June.
USD/JPY short-term technical outlook
The USD/JPY pair is technically neutral, although, in the longer-term perspective, the risk skews to the downside. The daily chart shows that the price has been stuck around the 20 DMA for over a week already, while below the larger ones, which maintain modest downward slopes. Technical indicators, in the meantime, head nowhere around their midlines. In the 4-hour chart, the technical picture is also neutral, as the pair is just above congesting moving averages, while technical indicators stand around their midlines.
Support levels: 105.90 105.50 105.10
Resistance levels: 106.35 106.70 107.10
원저자가 모두 저작권을 보유한 FXStreet에서 재 인쇄 함.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.